Nevada KING Appoints John Sclodnick as President
NEVADA KING APPOINTS JOHN SCLODNICK AS
PRESIDENT
VANCOUVER, BC
,
Oct. 15, 2024
/CNW/ -
Nevada
King Gold Corp.
(TSXV: NKG) (OTC: NKGFF) ("
Nevada
King
" or the "
Company
") is pleased to announce the appointment of
John Sclodnick
as the Company's
President, effective
November 1, 2024
. Mr. Sclodnick will report to
Collin Kettell
,
Nevada
King's Founder,
CEO, and Director.
Appointment of President:
Mr. Sclodnick has worked in equity research for over a decade, most recently leading the mining equity
research team at Desjardins Capital Markets since 2021. He has covered primarily precious metals
companies, at various development stages from exploration to large cap producers, including
Nevada
King. He
has acted as a trusted capital markets advisor to the Company over that time and will bring his strong
institutional relationships and strategic guidance to the Company. Mr. Sclodnick holds a B.A. in Economics and
Philosophy from
Dalhousie University
and an M.B.A. from the Schulich School of Business where he graduated
from the Global Mining Management program.
Collin Kettell
, CEO of
Nevada
King, stated, "We are excited to have John joining the
Nevada
King team. John
brings with him an expansive network of relationships with institutional investors and mining industry
professionals, as well as industry knowledge including financing, market awareness, and investor relations
skills. Our expanded senior management team will allow us to further concentrate our efforts on advancing the
Atlanta Gold Mine Project. We believe that
Atlanta
represents one of the most exciting gold discoveries
underway in the Great Basin, and with a strengthening gold price environment, it is time to bring the
Nevada
King story to a broader investor base."
John Sclodnick
, incoming President of
Nevada
King, stated: "There is tremendous value to be uncovered at the
Atlanta Gold Mine Project. There is no better location in the world to find a gold deposit, and
Nevada
King has
a high-grade oxide deposit with proven metallurgy. With a refined geological understanding, the team looks
poised to build on the numerous recent discoveries, and I am very excited to join Collin and the management
team to continue to grow value for shareholders."
About
Nevada
King Gold Corp.
The Atlanta Mine is a historical gold-silver producer with a National Instrument 43-101 ("
NI 43-101
") compliant
pit-constrained resource of 460,000 oz Au in the measured and indicated category (
11.0M
tonnes at 1.3 g/t)
plus an inferred resource of 142,000 oz Au (
5.3M
tonnes at 0.83 g/t). See the NI 43-101 Technical Report on
Resources titled "Atlanta Property,
Lincoln County, NV
" with an effective date of
October 6, 2020
, and a
report date of
December 22, 2020
, as prepared by Gustavson Associates and filed under the Company's
profile on SEDAR+ (
www.sedarplus.ca
).
Resource Category
Tonnes
(000s)
Au Grade
(ppm)
Contained Au
Oz
Ag Grade
(ppm)
Contained Ag
Oz
Measured
4,130
1.51
200,000
14.0
1,860,000
Indicated
6,910
1.17
260,000
10.6
2,360,000
Measured + Indicated
11,000
1.30
460,000
11.9
4,220,000
Inferred
5,310
0.83
142,000
7.3
1,240,000
Table 1. NI 43-101 Mineral Resources at the Atlanta Mine
Please see the Company's website at
www.nevadaking.ca
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements"
(collectively "forward-looking statements") within the meaning of applicable securities legislation. All
statements, other than statements of historical fact, included herein, without limitation, statements relating
the future operations and activities of
Nevada
King, are forward-looking statements. Forward-looking
statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes",
"intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions,
or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news
release relate to, among other things,
advancing the Atlanta Gold Mine Project
and the impact thereof. There
can be no assurance that such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Forward-looking statements reflect the
beliefs, opinions and projections on the date the statements are made and are based upon a number of
assumptions and estimates that, while considered reasonable by
Nevada
King, are inherently subject to
significant business, economic, competitive, political and social uncertainties and contingencies. Many
factors, both known and unknown, could cause actual results, performance or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions and estimates based on or related to
many of these factors. Such factors include, without limitation, the ability to complete proposed exploration
work, the results of exploration, continued availability of capital, and changes in general economic, market
and business conditions. Readers should not place undue reliance on the forward-looking statements and
information contained in this news release concerning these items.
Nevada
King does not assume any
obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should
they change, except as required by applicable securities laws.
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King Gold Corp.
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For further information:
For further information, contact Collin Kettell at [email protected] or (845) 535-
1486.
CO: Nevada King Gold Corp.
CNW 07:30e 15-OCT-24